The Two Income Trap [Infographic]

Times sure have changed since 1950, especially in regards to income. Not only income, but the way lives are lived and the difference between married couples and single parents. Women who have been employed 80% of the time since the birth of their child are twice as likely to divorce as their stay-at-home counterparts. Not to mention, there are many more big differences in having two incomes in the home compared to just have one income.

Back in 1950 the average household had a median income of $5,000, compared to the $40,000 per household in present day. Even though in 1950 an average household made $5,000, that would be equivalent to earning $42,524 at current levels. Nowadays, 50% of women are working compared to only 34% back in 1950. With more women working in present day, the size of the average family has dropped from the 50s. The average family is 2.5 today and back then it was 3.5.

Check out the infographic below to learn more about how times have changed since the 1950s.

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.